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: quickly moody's is warning that the united states is soon going to face a credit downgrade if they don't deal with this. what would that do to our retirement accounts and mutual funds and stocks if that hand? >> i'm not part of the rating agency. i sold my company to moody's so i have no insider information about the downgrade, but i read carefully what they say and pay close attention to it. and they are pretty clear if we get into next year and can't get a deal and do those things i discussed, they will probably down grade the debt. that won't cataclysmic, but it will hurt. they will download all of the debts. so we will see investment managers having to sell that debt, because they have contractors with investors saying that can't own debt at ratings that are lower than agreed. and that hurts everybody, 401k pension, because we all own stocks and bonds. so this is not a good thing. >> jennifer: all right. mark i really appreciate it. mark zandi, chief economist at moody's analytics. and up next, win the presidency, take back the house, keep the senate? we'll s
Search Results 0 to 1 of about 2 (some duplicates have been removed)